Hang Seng Index poised for 600 point decline at open

ChrisOliver

HONG KONG (MarketWatch) -- Futures markets in Hong Kong were pointing to a 600-point decline in Hong Kong's Hang Seng Index in pre-market trading Tuesday, with the blue chip index expected to extend the slump seen in the previous session. Brokers said there was little positive news to support Hong Kong shares, while a sharp sell-off on other regional markets Tuesday was also likely to weigh on sentiment. "I think we will be heading lower without any kind of floor directed by what's happened overnight given that markets in the U.S. was closed," said Miles Remington, head of sales trading at BNP Paribas in Hong Kong. The Hang Seng Index fell 5.5%, or about 1,383 to end at 23,818.86 Monday.

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